India is set to get a sharper picture of its industrial health starting next month. The government is overhauling the Index of Industrial Production, commonly known as the IIP. This will be the biggest update in 13 years, with a new series set to be launched on June 1st.


India Revamps Key Industrial Output Data

Despite fresh curbs to control the Covid-19 outbreak, China's industrial output grew at a surprisingly fast pace in October, from the same period a year ago retail sales growth also picked up.

World Business Watch: China: Retail sales in October rose 4.9%

The retail inflation in November accelerated to 5.54 per cent due to higher prices of food items, government data showed on Thursday.

In October, the consumer price index (CPI) stood at 4.62 per cent. Figures released by the Ministry of Statistics and Programme Implementation showed that retail inflation in rural areas was at 5.27 per cent last month and 5.76 per cent in urban areas.

Food prices grew 10.01 per cent compared to 7.89 per cent in October. Inflation rate in cereals and products went up at 3.71 per cent against 2.16 per cent a month ago.

Vegetable inflation for November stood at 36 per cent against 26 per cent in October. On the other hand, pulses and products recorded inflation of 13.94 per cent in November against 11.72 per cent in October.

Meanwhile, industrial production shrank by 3.8 per cent in October due to poor performance by power, mining and manufacturing sectors.

Factory output as measured in terms of index of industrial production (IIP) had expanded 8.4 per cent in October last year. Power generation dipped sharply by 12.2 per cent in October compared to 10.8 per cent growth in the year-ago period.

Mining output also fell 8 per cent as against 7.3 per cent growth in the corresponding period last fiscal.&nbsp;

The retail inflation in November accelerated to 5.54 per cent due to higher prices of food items, government data showed on Thursday. In October, the consumer price index (CPI) stood at 4.

The retail inflation in November accelerated to 5.54 per cent due to higher prices of food items, government data showed on Thursday. In October, the consumer price index (CPI) stood at 4.62 per cent. Figures released by the Ministry of Statistics and Programme Implementation showed that retail inflation in rural areas was at 5.27 per cent last month and 5.76 per cent in urban areas. Food prices grew 10.01 per cent compared to 7.89 per cent in October. Inflation rate in cereals and products went up at 3.71 per cent against 2.16 per cent a month ago. Vegetable inflation for November stood at 36 per cent against 26 per cent in October. On the other hand, pulses and products recorded inflation of 13.94 per cent in November against 11.72 per cent in October. Meanwhile, industrial production shrank by 3.8 per cent in October due to poor performance by power, mining and manufacturing sectors. Factory output as measured in terms of index of industrial production (IIP) had expanded 8.4 per cent in October last year. Power generation dipped sharply by 12.2 per cent in October compared to 10.8 per cent growth in the year-ago period. Mining output also fell 8 per cent as against 7.3 per cent growth in the corresponding period last fiscal.

Retail inflation up at 5.54% in November, industrial production in October down by 3.8%

Industrial output contracted by minus 1.1 per cent in August month-on-month due to poor performance by manufacturing, power generation and mining sectors, data released by the government on Friday showed.

The quick estimates of Index of Industrial Production (IIP) with base 2011-12 for August stands at 126.6, which is 1.1 per cent lower as compared to the level in August 2018, said the statement.

The manufacturing sector, which contributes over 77 per cent to the IIP, showed a decline of 1.2 per cent in output during August 2019 as against a growth of 5.2 per cent in the same month of last year.

The industry group `manufacture of motor vehicles, trailers and semi-trailers` showed the highest negative growth of minus 23.1 per cent followed by minus 21.7 per cent in `manufacture of machinery and equipment` and minus 18 per cent in `other manufacturing.

`Electricity generation declined by 0.9 per cent as against an expansion of 7.6 per cent in the year-ago month. The cumulative growth for April to August year-on-year stands at 2.4 per cent, said the statement. 
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Industrial output contracted by minus 1.1 per cent in August month-on-month due to poor performance by manufacturing, power generation and mining sectors, data released by the government on Friday showed.

Industrial output contracted by minus 1.1 per cent in August month-on-month due to poor performance by manufacturing, power generation and mining sectors, data released by the government on Friday showed. The quick estimates of Index of Industrial Production (IIP) with base 2011-12 for August stands at 126.6, which is 1.1 per cent lower as compared to the level in August 2018, said the statement. The manufacturing sector, which contributes over 77 per cent to the IIP, showed a decline of 1.2 per cent in output during August 2019 as against a growth of 5.2 per cent in the same month of last year. The industry group `manufacture of motor vehicles, trailers and semi-trailers` showed the highest negative growth of minus 23.1 per cent followed by minus 21.7 per cent in `manufacture of machinery and equipment` and minus 18 per cent in `other manufacturing. `Electricity generation declined by 0.9 per cent as against an expansion of 7.6 per cent in the year-ago month. The cumulative growth for April to August year-on-year stands at 2.4 per cent, said the statement.

Industrial production slips by 1.1 per cent in August due to poor performance

The BSE benchmark Sensex gained for the sixth straight session, reclaiming the crucial 34,000 level briefly in early trade on Thursday, ahead of IIP and inflation data scheduled to be released later in the day.

The government will issue Index of Industrial Production (IIP) numbers for February and inflation data for March based on consumer price index (CPI) today.

Caution ahead of key macroeconomic numbers and mixed sentiment in other Asian markets is likely to sway investor mood, brokers said.

The BSE 30-share Sensex was trading 62.38 points, or 0.18 per cent, higher at 34,002.82. In the previous five days, the index had gained 921.37 points.

The broader NSE Nifty rose 3.55 points, or 0.03 per cent, to 10,420.70.

IT, Teck, consumer durables, auto and power indices were in the positive zone, rising up to 1.08 per cent.

Major gainers were TCS, Infosys, Tata Motors, ONGC, Wipro, M&M and Hero MotoCorp, gaining up to 2.32 per cent.

Meanwhile, on a net basis, domestic institutional investors (DIIs) bought shares worth Rs 111.82 crore on Wednesday, while foreign portfolio investors (FPIs) also bought equities worth Rs 362.30 crore, provisional data showed.

In the Asian region, Hong Kong's Hang Seng rose 0.07 per cent, while Shanghai Composite Index was down 0.45 per cent in early trade. Japan's Nikkei shed 0.03 per cent. 
The US Dow Jones Industrial Average, however, ended 0.90 per cent lower in Wednesday's trade.

Caution ahead of key macroeconomic numbers and mixed sentiment in other Asian markets is likely to sway investor mood, brokers said.

The BSE benchmark Sensex gained for the sixth straight session, reclaiming the crucial 34,000 level briefly in early trade on Thursday, ahead of IIP and inflation data scheduled to be released later in the day. The government will issue Index of Industrial Production (IIP) numbers for February and inflation data for March based on consumer price index (CPI) today. Caution ahead of key macroeconomic numbers and mixed sentiment in other Asian markets is likely to sway investor mood, brokers said. The BSE 30-share Sensex was trading 62.38 points, or 0.18 per cent, higher at 34,002.82. In the previous five days, the index had gained 921.37 points. The broader NSE Nifty rose 3.55 points, or 0.03 per cent, to 10,420.70. IT, Teck, consumer durables, auto and power indices were in the positive zone, rising up to 1.08 per cent. Major gainers were TCS, Infosys, Tata Motors, ONGC, Wipro, M&M and Hero MotoCorp, gaining up to 2.32 per cent. Meanwhile, on a net basis, domestic institutional investors (DIIs) bought shares worth Rs 111.82 crore on Wednesday, while foreign portfolio investors (FPIs) also bought equities worth Rs 362.30 crore, provisional data showed. In the Asian region, Hong Kong's Hang Seng rose 0.07 per cent, while Shanghai Composite Index was down 0.45 per cent in early trade. Japan's Nikkei shed 0.03 per cent. The US Dow Jones Industrial Average, however, ended 0.90 per cent lower in Wednesday's trade.

Sensex, Nifty turn cautious ahead of key macro data

The combined Index of Industrial Production (IIP) of Eight Core Industries stood 5.3 percent higher in February this year, compared to the same period last year, the government said on Monday.

As per official data from the Ministry of Commerce and Industry, the combined index for the core sectors stood at 123.1 in February this year, which was 5.3 percent higher as compared to the index of February last year. Furthermore, its cumulative growth during April to February 2017-18 was 4.3 percent, the data revealed.

-Coal production increased by 1.4 per cent in February, 2018 over February, 2017, and its cumulative index increased by 1.6 per cent during April to February, 2017-18 over the corresponding period of the previous year.

-Crude Oil production declined by 2.4 per cent in February, 2018 over February, 2017 and its cumulative index declined by 0.8 per cent during April to February, 2017-18 over the corresponding period last year.

-Natural Gas production declined by 1.5 per cent in February, 2018 over February, 2017, and its cumulative index increased by 3.1 per cent during April to February, 2017-18 over the corresponding period of previous year.

Among refinery products, petroleum refinery production was up by 7.8 per cent in February, 2018 over February, 2017, while its cumulative index increased by 4.9 per cent during April to February, 2017-18 over the corresponding period of previous year.

Furthermore, fertilizer production increased by 5.3 per cent in February, 2018 over February, 2017. However, the cumulative index declined by 0.2 per cent during April to February, 2017-18 over the corresponding period last year.

Steel production increased by five per cent in February, 2018 over February last year, while its cumulative index increased by 5.9 per cent during April to February 2017-18. Additionally, cement production increased by 22.9 per cent in February, 2018 over February last year. However, its cumulative index increased by 5.7 per cent during April to February, 2017-18 over the corresponding period of previous year.

Meanwhile, electricity generation increased by 4 per cent in February over the same month last year, while its cumulative index increased year-on-year by 5.2 per cent during April to February, 2017-18.&nbsp;

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As per official data from the Ministry of Commerce and Industry, the combined index for the core sectors stood at 123.1 in February this year, which was 5.3 percent higher as compared to the index of February last year. Furthermore, its cumulative growth during April to February 2017-18 was 4.3 percent, the data revealed.

The combined Index of Industrial Production (IIP) of Eight Core Industries stood 5.3 percent higher in February this year, compared to the same period last year, the government said on Monday. As per official data from the Ministry of Commerce and Industry, the combined index for the core sectors stood at 123.1 in February this year, which was 5.3 percent higher as compared to the index of February last year. Furthermore, its cumulative growth during April to February 2017-18 was 4.3 percent, the data revealed. -Coal production increased by 1.4 per cent in February, 2018 over February, 2017, and its cumulative index increased by 1.6 per cent during April to February, 2017-18 over the corresponding period of the previous year. -Crude Oil production declined by 2.4 per cent in February, 2018 over February, 2017 and its cumulative index declined by 0.8 per cent during April to February, 2017-18 over the corresponding period last year. -Natural Gas production declined by 1.5 per cent in February, 2018 over February, 2017, and its cumulative index increased by 3.1 per cent during April to February, 2017-18 over the corresponding period of previous year. Among refinery products, petroleum refinery production was up by 7.8 per cent in February, 2018 over February, 2017, while its cumulative index increased by 4.9 per cent during April to February, 2017-18 over the corresponding period of previous year. Furthermore, fertilizer production increased by 5.3 per cent in February, 2018 over February, 2017. However, the cumulative index declined by 0.2 per cent during April to February, 2017-18 over the corresponding period last year. Steel production increased by five per cent in February, 2018 over February last year, while its cumulative index increased by 5.9 per cent during April to February 2017-18. Additionally, cement production increased by 22.9 per cent in February, 2018 over February last year. However, its cumulative index increased by 5.7 per cent during April to February, 2017-18 over the corresponding period of previous year. Meanwhile, electricity generation increased by 4 per cent in February over the same month last year, while its cumulative index increased year-on-year by 5.2 per cent during April to February, 2017-18.

Core sectors register 5.3% IIP growth in February

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